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Wholesale trade

NACE 4635
Current registrations102
Starters, 12 months · division 46
2,893
Employment (FTE) · division 46
219,187
Median age · division 46
14.9 years

In NACE division 46, 4.6 companies per 100 started in the past twelve months, against 7.5 nationally; that is lower than that of 70% of the 87 NACE divisions. Comparison: as of 03-10-2026 05:30.

Key figures for NACE division 46

fiscal year 2025 · median over 27,786 filed annual accounts
Median solvency
43.3%
lower than 56% of 79 divisions
Median equity
€183,237
higher than 61% of 79 divisions
Median net result
€15,101
lower than 51% of 79 divisions
Annual accounts in sample
27,786

Foreign control in NACE division 46

46,213 registered companies

Staff cost per FTE in NACE division 46

9,658 employers
Median
€64,600
Belgium €61,200
Middle half
€51,000 to €83,900
half of the employers lie between
Place among sectors
45 of 78
by median staff cost per FTE
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €60,200 €47,500 to €78,200 6,091
10 to 49 FTE €69,700 €57,200 to €88,400 2,909
50 to 249 FTE €83,500 €67,300 to €118,500 559
250 FTE or more €80,100 €64,700 to €98,300 99

Bankruptcies

past five years
Bankruptcies (5y)
4
Historical share
3.92%

Nationally, 1.61% of current registrations have a published bankruptcy opening in the past five years. This sector's historical share is higher than that of 94% of the 88 NACE divisions. The median bankruptcy probability in NACE division 46 is 0.4%, against 0.2% nationally, over 39,728 scored companies. Comparison: as of 03-10-2026 05:30.

Bankruptcies still running

NACE division 46
Running bankruptcies
1,352
Half have run longer than
23 months
Belgium: 21 months
Longer than three years
33%
Belgium: 31%

Measured nationally: Of 107,673 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn; 20% were still open after five years. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).

Counts companies with this main activity in the register on 3 October 2026. The outcome itself is not measured by sector: the activity of a company that leaves the register after its bankruptcy is too often not kept to compare closed cases fairly.

Outcome by court and division

Regional split

by region · 96 of 102 enterprises with a registered office on file
Flanders 56 · 58.3%
Wallonia 20 · 20.8%
Brussels 19 · 19.8%
Unknown 1 · 1.0%

Recent bankruptcies in this sector

5
Date Company
27-04-2026 AS & CO BUSINESS
BE 0712.508.748
10-10-2025 CIGVAPRO
BE 0669.523.593
07-10-2024 HAMZA
BE 0464.604.759
02-10-2023 AS & CO BUSINESS
BE 0712.508.748
08-02-2023 VABOCO
BE 0667.653.374

Geographic distribution

by province · based on the establishment address
fewer moremax 19

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €661.1m awarded 6,763 recipients · 2022 to 2025 · largest: Vlaams Gemeentefonds
  • Federal transfers 66.1m amount as published 26 recipients · 2023 to 2025 · largest: Subsidie aan de Centrale Dienst voor Sociale en Culturele Actie
  • Wallonia-Brussels Federation €30.7m paid 30 recipients · 2021 to 2025 · largest: Subventions forfaitaires dans le fondamental
  • EU budget €564.5m attributed share 91 recipients · 2021 to 2025 · largest: Information and communication technology
  • EU research €55.0m eu contribution 85 recipients · 2007 to 2027 · largest: Horizon 2020

Explore every recipient in this sector

How these figures are counted

Current enterprise registrations are counted through their registered main activities; establishment units are excluded. Counted in the KBO's NACE 2025 nomenclature, the one in which code 4635 exists.

Share of currently registered companies with a published bankruptcy opening in the past five years. Registered main activities in the selected classification can overlap. This retrospective share is not a future bankruptcy probability.

The comparison with the country and with the other NACE divisions comes from a nightly overview of every division, each counted in the nomenclature in which it exists. A standing such as "higher than 80%" counts the other divisions that have the figure. The bankruptcy probability is the median of our nightly score over the division's companies that have one; the count is stated.

The key figures cover the whole NACE division 46, not NACE 4635 on its own: there are too few filed annual accounts per five-digit code to compute them separately. The middle company of the sector, based on all filed annual accounts.